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Property for sale in Haiti

1/ Capital:Port-au-Prince

Is the capital and largest city of Haiti. Growth, especially in crowded slums in nearby plains and hillsides, has raised the population of the Port-au-Prince area to between 2.5 and 3 million. It is located on a bay of the Gulf of Gonâve. Get more information on property for sale in Port au Prince.

2/ Country:Haiti

Is a Creole- and French-speaking Caribbean nation. Along with the Dominican Republic, it occupies the island of Hispaniola, in the Greater Antillean archipelago. Ayiti (Land on high) was the indigenous Taíno or Amerindian name for the island.

3/ Property for sale in Haiti

In the United States, a property owner can sell property for sale in California and almost simultaneously buy a new piece of property for sale in New Jersey because there is an established and ubiquitous system of property rights that objectively values property.

In many countries that have property rights structures similar to Haiti, people are forced to do business with people they know. Since it is often unclear exactly who owns a piece of property or a business, any capital investment or loans are typically only transacted between known acquaintances, family or friends. It is highly unlikely that an unknown foreign capitalist would invest in any business if the real estate connected to that business is not protected. The current property rights in Haiti do not protect owners from government seizure, looters or competing claims to ownership.

An insurance company would certainly be unwilling to insure a business or home if a clear title to the property is not available.

Foreigners working in Haiti are subject to certain property restrictions. Foreigners, excluding foreign corporations, may not own more than one residence in the same district or own real estate without authorization from the Ministry of Justice. Further, land holdings of foreigners are limited to 1.29 hectares in urban areas and 6.45 hectares in rural areas. Additionally, foreigners may not own property or buildings near the border. However, foreigners who establish Haitian corporations with corporate offices located in Haiti are not subject to property restrictions. Finally, the Haitian Parliament approved a law granting special privileges to foreigners of Haitian descent.